In what ways is the government spurring private sector development in Sri Lanka?
Despite reasons beyond our control, and challenging domestic and global conditions, Sri Lanka has been able to sustain a steady GDP growth rate of 4.4% since our government was formed in 2015. Furthermore, it maintained the unemployment rate at 4.2% and reduced the budget deficit to 5.4% of GDP. But the more important thing is the change of...
As the government continues its expansive reform agenda with Vision 2025, Sri Lanka’s economy is expected to record moderate improvements in 2018. In January 2018 the IMF projected that real GDP growth would increase to 4.6% in 2018 – up from 3.1% in 2017 – as the agriculture sector recovers from drought and flood, and construction is anticipated to lead robust services sector growth....
Sri Lanka’s economy looks promising for the coming years, as major changes in the business environment are taking place in the short to medium term, such as free trade agreements with Singapore and China, the regaining of the EU Generalised System of Preferences Plus, development of human capital and further liberalisation of the economy. These, together with the involvement of the government...
As the government continues its expansive reform agenda with Vision 2025, Sri Lanka’s economy is expected to record moderate improvements in 2018.
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